March 01, 2021
Net income nearly quadrupled in the fiscal first half ended Dec. 31 to A$15,260,000 ($11.0 mm) from A$3,884,000 on 60% higher sales of A$124,863,000 ($90.2 mm) up from A$77,960,000 led by the Impala, FXD, Globe and Salty Crew brands.
GoPro shed light on its move to a subscriber-based model and progress made on the software front during the JMP Securities Virtual Technology Conference.
The Bass Pro and Cabela’s parent is proposing a $4.5 billion term loan due 2028 that will be combined with GAO’s $1.2 billion in cash to refinance its existing $4.1 billion term loan due in 2024, pay for the Sportsman’s Warehouse acquisition, and fund a minority shareholder equity redemption.
The digital first fitness apparel brand hired the former Urban Outfitters president and CMO as its new chief executive, following a search that lasted more than eight months.
National Park recreational visits declined 5% to start the year, tallying 13,082,428 down from 13,755,582 in Jan. 2020, but improved sequentially from the 12% falloff in Dec.
Olin Corp. has increased its term loan facility by $315 million, and will use the finds to redeem $315 million of its outstanding 10% senior notes due Oct. 15, 2025.
CODI will use the proceeds from its private offering of $750 million of senior unsecured notes due in 2029 to pay down its other credit facilities and redeem its 8.000% senior notes due in 2026.